Reinsurance News

Swiss Re news

News on one of the world’s largest reinsurance companies Swiss Re.

Swiss Re is a leading global reinsurance company and our news covers its announcements, people moves, results and financial performance, as well as analysis of reinsurance market trends and interviews.

Swiss Re becomes supporting member of the ICMIF

26th June 2019

Reinsurance giant Swiss Re has become a supporting member of the International Cooperative and Mutual Insurance Federation (ICMIF), an umbrella body for the global cooperative and mutual insurance industry. Under the new partnership, Swiss Re will offer ICMIF members with the opportunity to leverage their knowledge, expertise and support in order ... Read the full article

Climate action needed to limit fallout for life re/insurers: Swiss Re

17th June 2019

Unless further action is taken, the effects of climate change are likely to have “significant consequences” for life and health re/insurers, who will have to deal with increase risks from heatwaves, floods, droughts, fires and vector-borne diseases. This is according to a new report from Swiss Re, which linked climate change ... Read the full article

Swiss Re confirms ReAssure IPO is set for July

14th June 2019

Swiss Re has confirmed that the initial public offering (IPO) of shares in its UK closed life book consolidator business ReAssure is set to go ahead in July 2019. ReAssure verified in a statement today that its ordinary shares will be listed on the main market of the London Stock Exchange ... Read the full article

Swiss Re sees ReAssure IPO as growth opportunity

7th June 2019

Reinsurance giant Swiss Re believes that reducing its stake in UK closed life book consolidator ReAssure via an initial public offering (IPO) will facilitate increased flexibility and growth of the group. An IPO registration document for the ReAssure Group plc share offering is due to be filed today, pending the ... Read the full article

Swiss Re to launch ReAssure IPO, registration to be filed today

7th June 2019

Swiss Re is moving forwards with long-discussed plans for an initial public offering (IPO) of shares in its UK closed life book consolidator business ReAssure. An IPO registration document for the ReAssure Group plc share offering is due to be filed today, pending the approval of the UK's Financial Conduct Authority, ... Read the full article

Gender diversity supports re/insurance sector growth, reports Swiss Re

7th June 2019

Promoting more gender diversity would drive economic growth, increase insurance premiums and penetration, and ultimately make the world more resilient, according to a new report from Swiss Re. The company argued that re/insurers also stand to gain from better financial performance with a more diverse workforce. Greater female inclusion in the labour ... Read the full article

Swiss Re partners with Tencent’s WeBank to research AI use in reinsurance

24th May 2019

Swiss Re’s Beijing arm has partnered with WeBank, an online lender owned by Chinese investment comglomerate Tencent, to research the potential application of new artificial intelligence (AI) models in reinsurance, according to Shine. The parties signed a Memorandum of Understanding (MoU) to cooperate on federated learning, a new encrypted and distributed ... Read the full article

Technological advances, climate change top emerging risks for re/insurers: Swiss Re

22nd May 2019

The annual SONAR report from Swiss Re Institute highlights new technology, the spread of 5G, limits to central banking tinkering, the growth of genetic testing and the impacts of climate change on public health as emerging risks that insurers and reinsurers need to have on their radar. The latest SONAR report ... Read the full article

The private re/insurance sector is ready to tackle rising flood losses: Swiss Re’s Noriega, Wiese

21st May 2019

Insurers and reinsurers are ready to meet growing public desire for improved flood coverage as the risk of flooding to communities continues to rise across the globe, according to Swiss Re’s Santiago Noriega and Alexa Wiese. “On average, flooding affects more people worldwide than any other type of natural catastrophe because ... Read the full article

Warmer climate is driving higher re/insurance costs: Swiss Re report

16th May 2019

Rising global temperatures due to climate change have heightened the risk of costly events such as wildfire and drought and significantly impacted the level of re/insurance industry losses in recent years, according to the latest sigma report by Swiss Re. Swiss Re expects that climate change will cause more frequent occurrences ... Read the full article

Swiss Re optimistic about renewal rates at mid-year: CFO, John Dacey

3rd May 2019

John Dacey, the Group Chief Financial Officer (CFO) of reinsurance giant Swiss Re, has said that in all cases, rate movements at the April 1st renewals were adequate for the firm and that it's optimistic about the important June / July renewals season. Swiss Re today reported its financial results ... Read the full article

Large losses hit Swiss Re’s P&C unit, L&H Re posts record net income

3rd May 2019

Global reinsurance giant Swiss Re has announced net income of $429 million for the first-quarter of 2019, driven by a solid performance in its Life & Health Reinsurance segment, somewhat offset by large losses. At $429 million, Swiss Re's Q1 2019 net income declined slightly year-on-year from $457 million. The firm's ... Read the full article

Swiss Re signs cooperation agreement with China Pacific Insurance

29th April 2019

Global insurance and reinsurance giant Swiss Re has signed a new Cooperation Framework Agreement with China Pacific Insurance (Group) Co., Ltd., deepening ties within the important country. Swiss Re has long highlighted China as the likely source of significant growth in insurance and reinsurance premiums for the firm and has been ... Read the full article

Swiss Re’s reinsurance unit solvency ratio drops 34 points in 2019

23rd April 2019

The Swiss Solvency Test (SST) ratio of Swiss Reinsurance Company Ltd dropped 34 points from 252% in 2018 to 218% in 2019, according to the company’s latest financial condition report. At the Group level, Swiss Re’s SST ratio fell from 269% in 2018 to 251% in 2019, driven by further decreases ... Read the full article

Swiss Re doubles share buy-back program to $2bn following shareholder approval

18th April 2019

Swiss Re shareholders have approved previously-announced plans to introduce a new public share buy-back program consisting of two CHF1 billion ($995,000) tranches, effectively doubling the amount previously returned to shareholders. Voting at the company's Annual General Meeting (AGM) in Zurich, shareholders also approved the Board of Directors’ proposals for a ... Read the full article